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"business-news"

  • UAE to exit OPEC from May 1 amid rising tensions with Saudi Arabia

    Saudi Arabia remains an OPEC heavyweight despite waning influence, as rivalry with the UAE deepens over economic interests and regional politics, particularly in the Red Sea region
  • RBI cancels banking licence of Paytm Payments Bank

    Paytm Payments Bank has been barred from conducting any banking business, and the RBI will move the high court to initiate its winding up
  • France’s Groupe ADP to sell 7.3% stake in GMR Airports for over Rs 10,100 crore

    Paris airport operator’s stake in the airports business arm of the GMR Group to drop from 32.3 per cent to 25 per cent after deal completion
  • Amazon blocks millions of fake reviews, seizes 15 million counterfeit products in 2025

    Amazon revealed it blocked fake reviews and seized millions of counterfeit products in 2025. Using AI and legal action, the company is intensifying efforts against online fraud and expanding its Counterfeit Crimes Unit to India.
  • Aurobindo Pharma’s Rs 800 cr buyback offer opens on April 23

    Hyderabad-based Aurobindo says buyback will reward shareholders, boost returns, improve earnings per share, without changing control or affecting management structure
  • Apple announces leadership transition: Tim Cook to step down, John Ternus to take over

    Apple has announced a leadership transition, with Tim Cook stepping down as CEO and John Ternus set to take over in 2026. The move marks a major shift as Apple prepares for its next phase of AI-driven growth.
  • TCS makes 25,000 fresher offers for FY27

    Tata Consultancy Services has made 25,000 fresher offers for FY27, with hiring to depend on demand conditions, CEO K Krithivasan said. The IT major reported stable pipelines, rising deal conversions, and improved discretionary demand across global markets.
  • Shapoorji Pallonji Mistry pushes for Tata Sons listing, cites public interest

    Mistry’s remarks come amid reports that Tata Trusts trustees Venu Srinivasan and Vijay Singh support public listing of Tata Sons, while chairman Noel Tata opposes the move
  • Jaypee founder backs Adani in JAL acquisition battle

    National Company Law Tribunal’s Allahabad bench had approved Adani Enterprises' Rs 14,535 crore bid to acquire JAL assets, which was challenged by Vedanta with a Rs 17,926 crore offer
  • No governance lapses found in HDFC Bank, says RBI

    Governor Sanjay Malhotra says board minutes reviewed; no concerns on ethics and governance
  • Air India forms panel to find CEO Wilson’s successor

    Campbell Wilson has been under fire since June 12 last year following the crash of London-bound flight shortly after takeoff from Ahmedabad, which killed 241 of the 242 people on board. He has also faced criticism over regulatory lapses
  • Government may seek revised bids for IDBI Bank strategic sale

    The strategic sale of IDBI Bank has reached the technical evaluation stage after bids from Fairfax and Emirates NBD fell below the reserve price. The government and LIC jointly hold 94.71% of the bank and aim to sell 60.72%.
  • RBI MPC meet begins amid inflation concerns, rate cut pause likely

    The RBI’s Monetary Policy Committee has begun deliberations amid rising inflation concerns driven by crude oil prices and geopolitical tensions. Experts expect the central bank to maintain a status quo on interest rates while adopting a cautious and flexible policy stance.
  • When Steve Jobs founded a startup on April Fools’ Day — and pulled it off

    On January 9, 2007, Jobs unveiled “three” breakthroughs — an iPod, a phone, and an internet device — then stunned the world: it's one device, And it's called the iPhone
  • Cyber fraudsters using ‘Digital Lutera’ toolkit to bypass UPI security: Report

    CloudSEK has warned of a new cyber fraud technique that manipulates Android devices, intercepts OTPs and bypasses UPI security; UPI custodian NPCI says robust safeguards exist to manage such risks
  • BYD unveils Blade Battery 2.0 with 1,000 km range and ultra-fast charging

    The Chinese EV maker stated that its 'flash charging' system can power the battery from 10% to 70% in just five minutes, and reach 97% in approximately nine minutes under normal conditions
  • India’s LNG supplies disrupted as Qatar halts production amid West Asia crisis

    India, heavily reliant on long-term LNG contracts with Qatar, faces a temporary cargo suspension, causing up to 40% supply cuts for industries and city gas distributors
  • Dow drops 1,200 as stocks sell off around world, oil prices leap even higher on war worries

    The price for a barrel of Brent crude, the international standard, leaped another 7.8% to $83.84. That's up from close to $70 less than a week ago
  • Strait of Hormuz crisis: India says oil, fuel stocks adequate for 6–8 weeks

    With 25 days of crude and fuel stocks, plus strategic reserves and diversified imports, India is confident of maintaining supplies even if the West Asia crisis continues, a top oil ministry official said
  • EPFO retains 8.25 per cent interest rate for 2025-26

    After government ratification, the 2025–26 interest rate will be credited to the accounts of over seven crore subscribers of the Employees' Provident Fund Organisation 
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